- Green Member
- Posts: 9
- Joined: Wed Sep 14, 2011 11:06 pm
- Location: US
My first credit card was a Capital One student rewards card. Started at $250 and then was increased automatically after 3 months to $500. This was part of their "step" protocol and my brother went from $500 to $750 after 3 months. Since then I've tried to request increases online and via phone, but nothing worked. So I kept paying off my balance every single day...
...until a few months ago. I stopped making inquiries to my credit for about 6 months and thought that they'd raise it if I asked them this time. At the same time, I tried for PenFed Rewards too. I was declined on the CL raise from Capital One and they sent me a denial letter. I was then approved for a 20k CL from PenFed so guess what Capital One did? They immediately, that same day I was approved with PenFed, without even telling me, raised my CL to 5.5k! I then received a letter from Capital One saying that since I was a good member, they increased my CL....by 5k!?
Long story short, they watch your credit actively and if they think you're gonna stop using their card, they might get scared and increase it. Otherwise, they have no reason to increase it.